કાર ઇન્શ્યોરન્સમાં કાર ઇન્શ્યોરન્સમાં રિટર્ન ટુ ઇન્વૉઇસ કવર (RTI)

Imagine your car gets stolen or suffers a total loss in an accident. Standard insurance will pay you the depreciated value. But what about the full amount you paid?

This is where the Return to Invoice (RTI) cover comes in. This add-on bridges the gap between the invoice price and the Insured Declared Value (IDV) of your car and gives you enhanced financial protection.

કાર ઇન્શ્યોરન્સમાં રિટર્ન ટુ ઇનવૉઇસ શું છે?

Return to Invoice cover in car insurance ensures you receive the original invoice value of your car in case of total loss or theft. While a basic plan only pays the depreciated IDV, RTI helps you recover the full purchase price and applicable taxes. It is especially useful in the first few years of owning a car.

RTI (ઇનવૉઇસ પ્રોટેક્શન) ઍડ-ઑન કવરના લાભો

1. Invoice Value Payout: With the RTI add-on, you receive the full invoice value, including registration and road tax, along with the IDV.
2. Covers Total Loss or Theft: RTI is applicable in cases of both theft and irreparable damage.
3. Ideal for New Cars: The RTI add-on is best suited for cars under 3 years old. You can enjoy the benefits of RTI if you are purchasing a new car.
4. Peace of Mind: RTI allows you to avoid out-of-pocket loss due to depreciation.
5. Tax & Registration Reimbursement: The RTI add-on provides coverage for registration charges and applicable taxes.
6. Enhances Claim Value: RTI significantly increases compensation in high-value losses.
7. Supports Loan Closure: In case of total damage, RTI will help you clear your car loan.
8. Easy Add-on: It can easily be added to your comprehensive policy with Bajaj General Insurance Limited. You can enjoy seamless service in 10,000+ garages across India and file a claim anywhere in the country.

રિટર્ન ટુ ઇનવૉઇસ કવર કેવી રીતે કામ કરે છે?

A Return to Invoice cover replaces the depreciated IDV payout with the original invoice amount. It also includes reimbursement of registration and road tax along with the car value (depending on policy terms). An RTI is applicable in case of theft or total loss of your car. It does not cover minor repairs or partial damages.

Suppose you bought a car for ₹10,00,000. After three years, the car gets stolen or suffers total loss in an accident. Without an RTI add-on, a standard insurance policy will pay you only the IDV after three years of depreciation. Thus, if the policy pays you around ₹7,00,000, you have to pay around ₹3,00,000 out of your own pocket for a new car.

On the other hand, if you include the RTI add-on with a higher total premium (adding ₹2,000 to ₹5,000 extra to the comprehensive policy), it will pay you the original invoice value of ₹10,00,000. Therefore, your out-of-pocket expenses will only be limited to the compulsory deductibles.

Refer to the table given below. 

રિટર્ન ટુ ઇન્વૉઇસનો ખર્ચ કેટલો થાય છે?

A Return to Invoice add-on costs around 10% to 15% extra over your standard comprehensive car insurance premium. This value can vary by car model, age, and insurance provider.

Available at a fraction of the cost of your base policy, this add-on ensures financial coverage in case your car gets stolen or ends up with total damage. It makes for a comprehensive policy when combined with your standard policy and other suitable add-ons. Make sure you select the right add-ons to ensure all-around protection from your vehicle insurance plan.

RTI ની ગણતરી કેવી રીતે કરવી?

RTI એ ક્લેઇમના સમયે તમારી કારના બિલ મૂલ્ય અને IDV વચ્ચેનો તફાવત છે. આ અંતર માટે ઍડ-ઑન વળતર આપે છે.

રિટર્ન ટુ ઇન્વૉઇસ વિરુદ્ધ IDV (ઇન્શ્યોર્ડ ડિક્લેયર્ડ વેલ્યૂ)

The following table shows the difference in coverage between Return to Invoice (RTI) and Insured Declared Value (IDV).

રિટર્ન ટુ ઇન્વૉઇસ કવર ક્યારે લાગુ પડે છે?

The Return to Invoice cover is applicable in case your car is stolen or damaged beyond repair. It is generally valid for vehicles less than 3 years old, provided the policy includes this add-on.

RTI કવર ક્યારે લાગુ પડતું નથી?

RTI is not applicable in cases of partial damage, minor repairs, or vehicles older than the coverage limit (usually 3 to 5 years). Additionally, if your policy has lapsed or RTI is not added during the policy purchase or renewal, it cannot be claimed.

Commercial use of a car under a personal insurance policy and submission of invalid documents are also cases where RTI cannot be applied.

આ પણ વાંચો: કાર ઇન્શ્યોરન્સમાં ઍડ-ઑન કવરેજ: સંપૂર્ણ ગાઇડલાઇન

RTI કવર કેવી રીતે પસંદ કરવું?

You can choose the RTI add-on when purchasing or renewing your comprehensive policy online or offline. Bajaj General Insurance Limited offers RTI cover with flexible digital options.

The validity of an RTI add-on is generally 1 year. If you want continued coverage, you have to renew your RTI with your comprehensive car insurance plan before it expires.

રિટર્ન ટુ ઇનવૉઇસ પ્રોટેક્શન કવર કોણે પસંદ કરવું જોઈએ?

A Return to Invoice cover should be availed by

1. નવી કારના માલિકો (3 વર્ષથી ઓછા જૂના)
2. Luxury / High-Value Car Buyers
3. લોન-ફાઇનાન્સ કરેલ વાહનના માલિકો
4. Urban Area Drivers (high risk of theft)

ઇન્વૉઇસ પ્રોટેક્શન કવરની માન્યતા

બજાજ જનરલ ઇન્શ્યોરન્સ લિમિટેડ સહિત મોટાભાગના ઇન્શ્યોરર, કાર ખરીદીની તારીખથી 3 વર્ષ સુધી RTI કવરેજ ઑફર કરે છે. આ સમયગાળા પછી, લાભ સામાન્ય રીતે સમાપ્ત થાય છે.

રિટર્ન ટુ ઇન્વૉઇસ કવર લાગુ થવા માટેની શરતો

The applicability of the RTI car insurance policy may differ among different insurance companies. While most insurers offer an RTI cover for cars up to three years old, some insurers offer this benefit for cars up to five years old.

રિટર્ન ટુ ઇન્વૉઇસ ઍડ-ઑનની બિન-લાગુ

The Return to Invoice add-on is generally purchased by those who genuinely want to ensure that their car remains intact for the longest possible time. Thus, these individuals prefer to buy a comprehensive car insurance policy with a return to invoice add-on.

However, the following points must be taken into consideration while buying this add-on.

1. An RTI cover does not include old cars as per the terms & conditions of the policy. It is specifically available for new cars only, where the policy terms decide its applicability, as discussed above.
2. This add-on only provides coverage in cases of theft and total loss of the car. It does not cover minor repairs or partial damages.
3. Return to Invoice add-on is only available when you opt for a comprehensive insurance policy.

કયા ઍડ-ઑન કવર વધુ સારા છે? ઝીરો ડેપ્રિશિયેશન અથવા RTI?

You may wonder, ‘Is the RTI add-on better or zero depreciation?’ For that, you have to understand their uses and benefits.

A zero depreciation cover is ideal for frequent minor claims. It pays the full cost of repairing and replacing damaged parts of your car. It does not charge you any depreciation cost.

On the other hand, an RTI is applicable in case of major damage or loss. It reimburses the invoice value and covers total loss or theft of your car.

Both Zero Depreciation and RTI Cover serve different purposes. You can opt for both add-ons for better financial protection.

રિટર્ન ટુ ઇન્વૉઇસ કવર વિશે યાદ રાખવાની બાબતો

Return to Invoice add-on offers excellent financial recovery in worst-case scenarios. However, it is only valid for a limited vehicle age and specific events like total loss or theft. It does not apply to minor accidents or repairs. Make sure to include the add-on at the time of policy purchase or renewal for enhanced coverage.

આ પણ વાંચો: મોટર ઇન્શ્યોરન્સમાં વાહન રિપ્લેસમેન્ટ એડવાન્ટેજ ઍડ-ઑન

તારણ

Return to Invoice or RTI Cover is a smart way to protect the full value of your vehicle. While it is not required by law, it offers complete peace of mind in case of major losses. With Bajaj General Insurance Limited and its 10,000+ cashless garages, opting for RTI ensures you are never left undercompensated.

વારંવાર પૂછાતા પ્રશ્નો

Q1. શું કાર ઇન્શ્યોરન્સ કંપનીઓ 5 વર્ષ કરતાં જૂની કારને રિટર્ન ટુ ઇનવૉઇસ ઍડ-ઑન ઑફર કરે છે?

Most insurers do not offer RTI for cars older than 3 to 5 years. The value gap in case of older cars becomes too large.

Q2. રિટર્ન ટુ ઇન્વૉઇસ ઍડ-ઑન ખરીદવાની કોની ભલામણ કરવામાં આવે છે?

A Return to Invoice add-on is highly recommended for new car owners, especially those with high-end or loan-financed vehicles.

Q3. શું મર્યાદિત શરતો હેઠળ RTI કવર પ્રદાન કરવામાં આવે છે?

હા. RTI માત્ર કારના સંપૂર્ણ નુકસાન અથવા ચોરીના કિસ્સામાં જ લાગુ પડે છે. તેનો ઉપયોગ નાના નુકસાન અથવા પાર્ટ રિપ્લેસમેન્ટ માટે કરી શકાતો નથી.

ઇન્શ્યોરન્સ એ આગ્રહની વિષયવસ્તુ છે. લાભો, બાકાત, મર્યાદાઓ, નિયમો અને શરતો વિશે વધુ વિગતો માટે, કૃપા કરીને વેચાણ પૂર્ણ કરતા પહેલાં સેલ્સ બ્રોશર/પૉલિસી નિયમાવલીને કાળજીપૂર્વક વાંચો.